The global vehicle electrification market is projected to grow at a prolific CAGR of 10.3% during the forecast period of 2022-2032. The market was valued at USD 72 Billion in 2021. Rising emphasis on environment-friendly alternatives for the automobile sector is driving the demand for vehicle electrification across the world. Increasing fuel prices coupled with a rise in the sales of …
Category Archives: Automotive Insights
Global Automotive Natural Gas Vehicle Market Size Projected to Surge at 7% CAGR Growth by year 2032 | FMI Prediction
The automotive natural gas vehicle market remains in its infant stage, despite sales growth in the last three to four years. The automotive natural gas vehicle market is expected to grow at a CAGR of 7% between 2022 and 2032. The automotive natural gas vehicle market is growing in many countries due to low-cost CNG and LNG …
Global Automotive Sunroof Market Size to Reach USD 22,780.9 Million by 2034, Fueled by a Robust 11% CAGR Growth | FMI Analysis
The automotive sunroof market is likely to hold a valuation of USD 21.09 billion by 2033. As of 2023, the market value is USD 7.42 billion. As the automobile industry grows, the automotive sunroof market is expected to expand at a CAGR of 11% from 2023 to 2033. By the end of 2023, more than 18 billion …
Global Decorative Car Accessories Market Share to Surpass USD 443,896.4 Million by 2033, Driven by an Average 5.8% CAGR | FMI Study
The global decorative car accessories market was estimated to be worth USD 252,595.1 million in 2023. The market is expected to reach USD 443,896.4 Million by 2033, with a CAGR of 5.8% from 2023 to 2033. The decorative car accessories industry is driven by several key factors contributing to its growth and popularity among car owners. Firstly, the increasing demand for …
FMI Analysis Affirms Global Construction Equipment Maintenance and Repair Market Revenue to Cross USD 33.96 Billion Milestone by 2033
The global construction equipment maintenance and repair market is anticipated to grow at a CAGR of 4.1% in 2023 and reach an estimated value of USD 22.72 billion. In 2033, the construction equipment maintenance and repair industry is expected to be worth USD 33.96 billion. As businesses are anticipated to place a greater emphasis on research and …
Automotive Exhaust Systems Market Expected to Reach USD 203,657 Million by 2033, Growing at a 6.1% CAGR | FMI Reports
Automotive Exhaust Systems Market The automotive exhaust systems market is projected to reach USD 203,657 million by 2033, growing at a steady compound annual growth rate (CAGR) of 6.1%. This growth is driven by increasing demand for advanced exhaust systems due to stringent emission regulations and a greater emphasis on fuel efficiency. As consumers prioritize …
Global Aircraft Tire Market Anticipated to Hit USD 3.3 Billion by 2033, Driven by a 6.2% CAGR | FMI Reports
Aircraft Tire Market The global aircraft tire market is expected to reach a valuation of USD 1.8 billion in 2023 and is projected to expand to USD 3.3 billion by 2033, with a compound annual growth rate (CAGR) of 6.2% over the forecast period. This growth is primarily driven by the rising demand for next-generation …
Global Bicycle Components Market Forecast to Reach USD 28.3 Billion by 2033, Growing at a 6.9% CAGR | FMI Reports
Bicycle Components Aftermarket The Bicycle Components Aftermarket, valued at USD 14 billion in 2022, is projected to reach USD 14.62 billion in 2023 and is expected to grow at a strong compound annual growth rate (CAGR) of 6.9% from 2023 to 2033. By 2033, the market is anticipated to reach approximately USD 28.3 billion, according …
Global Tire Pressure Monitoring System Market Share is Anticipated to Exceed USD 6.34 Billion by 2034, Driven by 6.2% CAGR Growth
The tire pressure monitoring system market is anticipated to exhibit a CAGR of 6.2% through 2034. The market valuation is projected to increase from USD 3.47 billion in 2024 to USD 6.34 billion by 2034. The tire pressure monitoring system (TPMS) market is experiencing robust growth, driven by increasing safety regulations and consumer awareness about the importance …
Global Park Assist System Market Anticipated to Surge Beyond USD 2.2 Billion Milestone by 2032, Driven by 14.3% CAGR Growth
The global park assist system market is projected to reach a valuation of USD 595.6 Million in 2022. Demand is forecast to increase at a 14.3% CAGR during the forecast period, reaching USD 2.2 Billion by 2032. Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance …